Word: timed
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Dates: during 1950-1959
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Boiler Shops. It is the SEC's delays in approving registrations of new issues that are spurring Wall Street's biggest complaints. Said Robert L. Winkler, partner of Bernard Winkler & Co.: "By the time the SEC gets around to approving a registration, market conditions have changed and issues often cannot be floated." In the year ended last June 30, the SEC approved an alltime high of 1,226 securities-registration statements, a 34% increase over the previous year. In many cases the time needed for an O.K. was 28 days after filing, eight days more than...
Barr's transformation has also wrought changes in his personal life. He has less time to spend with his wife and four children, putter in his rose garden. He spends evenings poring over work in the library of his twelve-room house in suburban Winnetka, Ill. His life has become almost as self-centered as Avery's on the contents of a secret closet in his Chicago office. The closet contains charts of the company and the U.S. economy. In Avery's time the projections all went down; now all the lines go sharply...
...France as in normal years, apparently because of a high-pressure area in the Canary Islands that pushed the normal summer storms southward. Thus the northern vineyards enjoyed a season of incomparable warmth, free of the violent hailstorms that slash the vines and bruise the grapes. At the same time there has been enough moisture in the ground to keep the vines fresh. "The leaves are still green as we pick," says one grower. "This means a glycerine content that will give the vintage an exceptional body." Another factor is that the four substandard harvests before this year...
First pressings show the grapes to have a potential 14% alcohol content (1% to 2½% higher than normal) and low acidity. At the same time, the full ripening of the skins guarantees enough tannin to give the wine full color and long life. Though cautious growers say that 1959's "character" cannot be judged for twelve months, others proclaim loudly that the wine will have the velvet taste of a superlative year. Because of the health of the harvest, France's winemakers foresee substantially increased exports and possibly lower prices. The U.S., which annually takes...
Died. Sir Henry Thomas Tizard, 74, topflight British scientist who chairmaned the Air Ministry's secret research committee that devised air weapons for World War II, supervised and contributed significantly to the development of radar in time to provide a chain of radar stations for the Battle of Britain, personally carried (1940) the magnetron, heart of radar, to the U.S. where it was quickly put into mass production; in Fareham, England...